Buying A Home

Shared Ownership

What is ‘Shared Ownership?’

‘Shared Ownership’ is a Government funded scheme aimed at helping first-time buyers get on to the property ladder. The scheme lets you buy a share of the property, meaning you don’t have to apply for a full mortgage, which increases your chance of being accepted by a Bank or Building Society.

Some shared-ownership schemes are on a part-buy, part-rent basis, so you will have to pay a lower rent on the share of the property that still belongs to Unity.

Who qualifies for shared-ownership?

Shared-ownership is for:

First time buyers who can’t afford a home on the open market

Those who earn below the average wage for the area of Leeds

Those that we would not consider for our shared-ownership schemes would be: